DLR
Wall Street can’t stop talking about data centers
Digital Realty Trust is doing what crowded trades do best: making everyone on Wall Street have an opinion. KeyBanc reiterated a Sector Weight rating on the stock, basically saying, “Nice run, but let’s not get carried away.”
The bullish camp is still pounding the table
Truist Securities stepped in with a fresh Buy rating and a $207 price target, pointing to strong demand for data centers thanks to AI and cloud spending. In other words: as long as the world keeps feeding the AI machine, DLR’s warehouse-for-the-internet business has a line of customers.
The not-quite-bullish-but-not-bearish crowd
BofA also lifted its price target to $190 and kept a Neutral rating. That’s analyst-speak for: yes, the demand story is real, but there are still questions about how long the AI revenue glow can keep burning at this pace.
Why you should care
DLR has already ripped 29.5% year-to-date and is hanging near its 52-week high, so this isn’t exactly a sleepy stock story. When a stock gets this much love after a big run, the real question becomes whether the next leg higher comes from fundamentals — or just more Wall Street optimism chasing the same AI theme.
Big picture: Digital Realty is still one of the cleaner ways to play AI infrastructure, but after a huge rally, every new rating comes with a little more baggage.